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Article

Влияние сделок по слиянию и поглощению на деятельность страхового рынка России

Финансы и кредит. 2015. № 30. С. 60-71.

Importance. To reveal the degree of influence of investment transactions on the development of the Russian insurance market through the analysis of the main indicators of its activity.

The aim (objective) of the research is to reveal factors related to deals of merger and the activity of the Russian insurance market. These factors will be analyzed to determine the extent of their influence on the position of the largest insurance companies in Russia.

Methods. The investment deals, to a great extent, have closed information purpose, therefore, the analysis of quantitative and qualitative data is done using case analysis and ranking. Basic information for the study was taken: websites of state agencies, from interviews with managers of insurance companies operating on the insurance market in Russia, and the opinions of financial analysts presented in the periodicals.

Results. Focus on was be given to the analysis of the main financial characteristics, presents the absolute and relative indicators. Among the absolute indices need allocate: size of the share capital, the number of insurance companies, the volume of insurance premiums and payments. Among the relative indices should be noted: the productivity of capital premiums, index Hirshman-Herfindahl. All indicators are presented in tabular form. Moreover there are other comparative tables: the impact of deals on separate economic indicators; real and fictitious investment transactions.

Conclusions and Relevance. This article is relevant and has a high importance for understanding that is a happening in the insurance market consolidation. The fact can be associated with a small number of such studies. Primarily the investment deals were considered like a quick way of increasing financial and competitive power of insurance companies. However, despite the positive impact on the activities of the Russian insurance market, such deals lead to the consolidation and the emergence of oligopolistic tendencies that reduces competition.